Tag: revenue projections
California Slashes Services: Why Aren’t Citizens Up in Arms?
Within hours of one another this week, legislators in Greece and California both announced plans for fiscal austerity. In Greece, violent rioting followed immediately. Public reaction in California remains to be heard, but experts on American politics and society say that though protest is certain, Americans’ reaction to austerity measures are usually found at the [...]
New California budget relies on rosy economic outlook
Gov. Jerry Brown signed a budget just before the start of California’s new fiscal year, a rare on-time package that includes a contingency plan to cut schools and community colleges deeper if rosy revenue projections don’t materialize. Brown, a Democrat, signed an $86 billion general fund spending plan Thursday with a combination of spending cuts [...]
